Craig Hope has given a rather big update on the proposed takeover of Newcastle United as those close to the whole process have declared that the prospective £300m bid is “likely to go through”, according to the Daily Mail.
As per the journalist, the Premier League is nearing an official announcement on the deal between the current club owner Mike Ashley and businesswoman and Amanda Staveley’s (head of PCP Capital Partners) Saudi Arabian-led group.
The added expectation is that it will eventually be approved by the English top flight, as those close to the deal, who have previously warned about timing issues, have now been told that an official statement on the league’s decision is close and could be made as early as this week.
The stance that the bid is likely to go through has been based on the increased level of involvement by the UK government, who are apparently keen to strengthen their ties with the Kingdom of Saudi Arabia (KSA).
This is potentially a relatively big breakthrough in terms of finally getting the takeover over the line, as not only is an official announcement expected to be made by the Premier League soon, but it has also been revealed by those involved in the whole process that it is expected to go through.
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However, until the silence is broken from the Premier League on this, everything still remains speculation up until this point, but at least this may give the Toon faithful genuine hope that the saga will soon be over.
Geordies, what do you make of this update? Comment below with your views!
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